RTX (RTX) said Wednesday that its Raytheon unit has been awarded a $1.1 billion contract from the US Navy to produce AIM-9X Block II missiles.
The company said the contract will boost annual production to 2,500 missiles.
The AIM-9X is an infrared-guided short-range missile that can be used in both air-to-air and surface-to-air roles.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.